John Mccormick

1 week ago | wsj.com | John McCormick |John Mccormick

Section 232 is getting a lot of mentions in the discussion of President Trump’s trade war. So what is it? A favorite tool of the Trump administration, it is a provision of the Trade Expansion Act of 1962 that allows presidents to impose trade restrictions such as tariffs as part of national-security decisions. Administered by the Commerce Department, the process requires an investigation into whether imports being reviewed might hurt industries vital to national security.

1 week ago | wsj.com | John McCormick |John Mccormick

President Trump and Elon Musk ringside at Saturday's event, with cabinet members behind them. (Joe Raedle/Getty Images)In the midst of the global trade war, President Trump on Saturday attended another kind of fight: Heading to Miami to catch an Ultimate Fighting Championship event along with some cabinet members and his adviser Elon Musk. The group sat ringside and Trump was seen frequently chatting with Musk, despite some recent differences they have had on tariff and other policies.

1 week ago | wsj.com | John McCormick |John Mccormick

Sen. Elizabeth Warren (Kent Nishimura/Bloomberg News)Democratic Sen. Elizabeth Warren said Sunday that President Trump’s trade war will discourage business investment in the U.S.“Tariffs can be an important tool in the toolbox when used in targeted ways,” the Massachusetts senator said on CNN's “State of the Union” program.

1 week ago | wsj.com | John McCormick |John Mccormick

Agriculture secretary Brooke Rollins at the White House this past week. (Mark Schiefelbein/AP)Brooke Rollins, the U.S. agriculture secretary, promised Sunday that American farmers will be bailed out if they are hurt by President Trump’s trade war. “We feel confident that if necessary there will be money there to help these farmers,” she said on “Fox News Sunday” as she argued Trump is working to “completely realign” the world economy.

1 week ago | wsj.com | John McCormick |John Mccormick

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